MIRA INFORM REPORT
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Report Date : |
12.03.2012 |
IDENTIFICATION DETAILS
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Name : |
IN FULL TEXTILE CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
26.09.1991 |
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Com. Reg. No.: |
86347939 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of textiles, etc |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Taiwan |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company Name: |
In Full Textile Co., Ltd. |
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Supplied Name: |
In Full Textile Co Ltd |
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Trading Address: |
No.16, Xiexin Lane, Chungshan Road Section 1. Qianzu Village, Wuri
district, Taichung, Taiwan |
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Supplied Address: |
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Telephone Number: |
+886-4-2338-1336 |
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Fax Number: |
+886-4-2338-2852 |
Notes: Subject’s trading address is as above and it is introduced that there is no one on the supplied address at present.
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
In Full Textile Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
86347939 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.03, 1 NTD = 0.0339 USD) |
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Paid-up Capital: |
NTD 15,000,000 (USD 508,500) |
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Legal Representatives: |
Zicong Cai |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last Annual Return: |
Notes: Subject did not introduce its staff number;
from other source we can not obtain the relevant information, either.
Subject was incorporated on
|
Name |
Subscription
Shares |
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Zicong Cai |
4,000 |
| Xinbei
Cai |
1,500 |
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Xinping Cai |
1,500 |
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Xinyi Cai |
1,500 |
The information above is that of subject’s major shareholders.
Core
Management
|
1 |
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Name |
Zicong Cai |
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Position |
Board Chairman |
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2 |
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Name |
Xinbei Cai |
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Position |
Director |
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3 |
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Name |
Xinping Cai |
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Position |
Director |
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4 |
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Name |
Xinyi Cai |
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Position |
Supervisor |
Offices
& Factories
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Headquarters |
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Add |
No.16, Xiexin Lane, Chungshan Road Section 1. Qianzu Village, Wuri
district, Taichung, Taiwan |
Production
Information
l
Subject is a manufacturer of textiles, etc
Purchase
Information
l
The registered activities of subject:
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Wholesales, marketing and trading of fiber and
regeneration fiber products |
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Manufacture, wholesales And Acting Processing of
Cotton yarn, grass lawn, artificial fiber yarn, synthetic
fibre and blended
yarn, etc |
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Dyeing and weaving, wholesales, retails and acting processing of canvas, cotton,
Industrial Fabrics, etc |
l
Subject did not introduce its purchasing
information.
l
The subject is mainly engaged in sales of polyester textiles, etc
l
It is introduced that subject’s product are mainly
sold in domestic market of Taiwan.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Subject did not
introduce its purchasing terms.
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Textiles, etc |
CBD, etc |
100% |
Export
Subject has little export business
Subject has no obligations to disclose its financial statements to the
third party according to the relevant policy in Taiwan and the only source from
which we can obtain the information is the subject itself.
Subject’s relevant staff Ms. Liao declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Subject declined to disclose its bank details; from other source we can
not obtain the relevant information, either.
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
|
Name |
Ms. Liao |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.66.18 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.